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Accumulated Other Comprehensive Income
 9 Months Ended
Sep. 30, 2023
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Income
Note 10.  Accumulated Other Comprehensive Income

Changes in Accumulated Other Comprehensive Income by Component (in thousands)

   
Three Months Ended September 30, 2023
  
   
Foreign
Currency
Translation
    
Unrecognized
Postretirement
Benefit Costs
(Credit)
    
Unrealized
derivative
gains
(losses)
    
Total
  
Balance at June 30, 2023  attributable to SMP
  
$
(12,234
)
  
$
30
    
$
4,277
    
$
(7,927
)
Other comprehensive income before reclassifications
    
(3,997
)
    
—
      
2,194
 (1)
   
(1,803
)
Amounts reclassified from accumulated other comprehensive income
    
—
      
(3
)
    
(486
)
    
(489
)
Other comprehensive income, net
    
(3,997
)
    
(3
)
    
1,708
      
(2,292
)
Balance at September 30, 2023 attributable to SMP
  
$
(16,231
)
  
$
27
    
$
5,985
    
$
(10,219
)

    Nine Months Ended September 30, 2023  
   
Foreign
Currency
Translation
    
Unrecognized
Postretirement
Benefit Costs
(Credit)
    
Unrealized
derivative
gains
(losses)
     Total  
Balance at December 31, 2022 attributable to SMP
  
$
(16,330
)
  
$
37
    
$
3,823
    
$
(12,470
)
Other comprehensive income before reclassifications
    
99
      
—
      
3,417
 (1)
    
3,516
  
Amounts reclassified from accumulated other comprehensive income
    
—
      
(10
)
    
(1,255
)
    
(1,265
)
Other comprehensive income, net
    
99
      
(10
)
    
2,162
      
2,251
  
Balance at September 30, 2023 attributable to SMP
  
$
(16,231
)
  
$
27
    
$
5,985
    
$
(10,219
)


(1)
Consists of the unrecognized gain relating to the change in fair value of the cash flow interest rate hedge of $2.3 million ($1.7 million, net of tax) and $3 million ($2.2 million, net of tax) in the three months and nine months ended September 30, 2023, respectively, plus cash receipts of $0.6 million ($0.5 million, net of tax) and $1.7 million ($1.2 million, net of tax) in the three months and nine months ended September 30, 2023, respectively.

Reclassifications Out of Accumulated Other Comprehensive Income (in thousands)

 
  
Three Months
Ended
   
Nine Months
Ended
  
Details About Accumulated Other Comprehensive Income Components
  
September 30, 2023
    
September 30, 2023
  
Derivative cash flow hedge:
            
Unrecognized gain (loss) (1)
  
$
(657
)
   $ (1,696 )
Postretirement Benefit Plans:
                
Unrecognized gain (loss) (2)
    
(5
)
     (16 )
Total before income tax
    
(662
)
     (1,712 )
Income tax expense
    
(173
)
     (447 )
Total reclassifications attributable to SMP
  
$
(489
)
   $ (1,265 )

 
(1)
Unrecognized accumulated other comprehensive income (loss) related to the cash flow interest rate hedge is reclassified to earnings and reported as part of interest expense in our consolidated statements of operations when the interest payments on the underlying borrowings are recognized.

 
(2)
Unrecognized accumulated other comprehensive income (loss) related to our post retirement plans is reclassified to earnings and included in the computation of net periodic postretirement benefit costs, which are included in other non-operating income, net in our consolidated statements of operations (see Note 12, “Employee Benefits,” for additional information).